{
 "ticker": "KJD",
 "name": "KraneShares 2x Long JD Daily ETF",
 "issuer": "KraneShares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/kjd",
 "html": "https://etfiq.com/funds/kjd",
 "markdown": "https://etfiq.com/funds/kjd.md",
 "as_of": "2026-10-02",
 "verdict": "Three months to Oct 2, 2026: KJD returned \u221211.2% where its own daily promise gave \u22128.1%, 3.1 points short.",
 "key_facts": [
  {
   "key": "what_jd_did",
   "label": "What JD did",
   "value": "\u22123.2%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "KJD, what JD did: \u22123.2%, as of Oct 2, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "\u22128.1%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "KJD, what 2 times a day gives: \u22128.1%, as of Oct 2, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221211.2%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "KJD, what the fund returned: \u221211.2%, as of Oct 2, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22123.1 pts",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "KJD, the fund itself cost: \u22123.1 pts, as of Oct 2, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$1m",
   "source": "issuer page, as of Oct 2, 2026",
   "as_of": "2026-10-02",
   "sentence": "KJD, net assets: $1m (issuer page, as of Oct 2, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.25%",
   "source": "485BPOS XBRL, Jul 29, 2026",
   "as_of": "2026-10-02",
   "sentence": "KJD, expense ratio: 1.25% (485BPOS XBRL, Jul 29, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of JD, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "JD moved \u22123.2% over this window, too little to read a multiple from",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "JD",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$1m",
   "source": "issuer page, as of Oct 2, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.25%",
   "source": "485BPOS XBRL, Jul 29, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Oct 15, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "28% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221215.4%",
   "JD": "\u22127.4%",
   "+2x the move": "\u221214.7%",
   "Difference": "\u22120.7 pts",
   "JD moved about": "19%"
  },
  {
   "window": "3 months",
   "Fund": "\u221211.2%",
   "JD": "\u22123.2%",
   "+2x the move": "\u22126.3%",
   "Difference": "\u22124.9 pts",
   "JD moved about": "28%"
  },
  {
   "window": "6 months",
   "Fund": "\u221221.5%",
   "JD": "\u22126.2%",
   "+2x the move": "\u221212.4%",
   "Difference": "\u22129.1 pts",
   "JD moved about": "32%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221247.2%",
   "JD": "\u221219.5%",
   "+2x the move": "\u221238.9%",
   "Difference": "\u22128.3 pts",
   "JD moved about": "30%"
  }
 ],
 "questions": [
  {
   "q": "Did KJD return +2 times JD?",
   "a": "Over the window to Oct 2, 2026, JD moved \u22123.2% and KJD returned \u221211.2%. 2 times that move is \u22126.3%, so the fund came out 4.9 points short of it."
  },
  {
   "q": "Why does KJD not return +2 times over a year?",
   "a": "Because it resets daily. KJD aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get."
  }
 ],
 "generated": "2026-10-03",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}